Windows Phone put a significant drag on Microsoft's fourth-quarter earnings, released Tuesday. Revenue for the troubled platform decreased by $552 million, or 68 percent. Both Lumia and non-Lumia phone revenue declined, which Microsoft attributes to lower volumes and lower-priced devices.
average payment period. Definition. APP. The number of days a company takes to pay off credit purchases. It is calculated as accounts payable / (total annual purchases / 360). Use this term in a sentence. â You should always know how long your average payment period will be so that you can be prepared when the time comes.
The first grace period is from the day of the charge until the payment date. For credit cards, this is usually 21-25 days. Then the guide calls for a 30-day grace period, which begins on the day after the payment due date. So youâre likely to have from 51 to 55 days from the day you make a charge until your late bill payment is reported to a credit bureau.